Publisher's Synopsis
How do we connect Good Ideas with the Investment community in Today's Economy on a Global Scale? In this Digital Age of the 21st century, what is now required is a New Economic System, a New Platform that can measure economics and the currency of trading back and forth similar to the barter and trade systems of the past --- Intellectual Capital --- is the "New Currency of today." This new form of capital is the current world structure, and as we look upon this turning point today in our lives, taking this opportunity to move forward not only individually, but collectively as a community and globally as a world order. This new Intellectual Capital is leading us to a New Economic Order. Today we see the world at a strategic inflection point where it is growing as well as advancing in the areas of Intellectual Capital. Of course there are several known companies like Google, Yahoo, Microsoft, Amazon, eBay and many others. But we must never forget that Intellectual Property is what also created the automobile. It was Henry Ford's Intellectual Capital that brought automation of the automobile, which created the wealth of the auto industry. We then remember the minds of Andrew Carnegie and John D. Rockefeller, which created industrialization on a level that, is still seen today, Rockefeller also added oil to his list of contributions and moved forward the car industry. The phenomenon of the social network website Facebook is a good analogy. Users can post a profile easily and with no barriers. The result is over 500 million people have added profiles so far in more than 170 countries. This has resulted in an incredible impact of one platform growing by collectivism. The financial brilliance of Goldman Sachs has seen this and blessed it with its golden gavel by partnering with Facebook which is now valued at $50 Billion Dollars. This valuation is not focus on advertising capability only or any other traditional measurable financial value. This value is placed on growth, and the number of people in the system as well as the future possibilities to reach these people directly. The key is anyone can enter a profile from anyplace in the world, because the barrier is so low. Facebook is not focused on economic development or global prosperity. But The Bank for International Ideas is.
